Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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SMART stands
for..
A. | Short-term, Money, Assets, Reverse,
Transactions | B. | Spending, Management And Retaining, Trusts | C. | Specific, Measurable, Attainable, Relevant,
Time-bound
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2.
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DECIDE stands
for..
A. | Dollars, Extra, Cents, Inventory,
Deposit, Exchange | B. | Define, Establish, Choose, Identify, Decide,
Evaluate | C. | Determine, Examine, Censor, Initiate, Drone,
Experiment
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3.
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PYF stands
for..
A. | Pay Yourself
First | B. | Payable Yearly Finances | C. | Periodic Yielding
Financials
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4.
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Expenses that are the same
every time, like rent, is called...
A. | periodic
expenses | B. | variable expenses | C. | fixed expenses
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5.
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Expenses that vary from month
to month, like food, is called...
A. | periodic
expenses | B. | variable expenses | C. | fixed expenses
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6.
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Expenses that occur every once
in a while, like school fees, is called...
A. | periodic
expenses | B. | variable expenses | C. | fixed expenses
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7.
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The things in life that are
essential to your health and security, like food and shelter is called...
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8.
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The things that make life more
interesting, like movies and traveling, but you can live without them is
called...
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9.
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Another term for
“money” includes all of following EXCEPT...
A. | currency | B. | note | C. | finance
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10.
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If there were no dollars and
cents, which of the following items would best fit the criteria for money (generally accepted, durable, portable,
divisible, scarce)?
A. | cows | B. | sea shells | C. | bananas
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